Thanks Sherminator. Good advice and perspective. Do you use any other indicators to trade with Fibonacci? Sometimes trading Forex seems like nailing Jello to a tree. Very slippery. I do find it amazing how many fibs can be pulled, and deciding to take action or not I guess requires experience. You mentioned price action, and I think you are right. What do use to determine price action? Volume, candle size, candle patterns or all of above. As for time frames, how would daily and 30 minutes work out? Also is there a decent way (indicator) to determine early when entering a ranging market other than watching? I have entered into trades in London market and experienced the market starting to range, which is frustrating. I assume this method works better on a trending market. I know that is a lot of questions, but hey, a newbie here.
Thanks
JDub
Thanks
JDub